366 BROAD ST PORTSMOUTH, NH 03801

Features

• Price/sqft: $461
• Lot Size: 36590 sq. ft.
• Total Units: 6
• Total Rooms: 11
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Heating: Hot Water Heating

Facts

• Year Built: 01/01/1900
• Property ID: 897246341
• MLS Number: 5003887
• Parcel Number: PRSM M:0221 B:0068 L:
• Property Type: Multi-family (5 or more units)
• County: ROCKINGHAM
• Zoning: GRA
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Welcome to 366 Broad St, a rare multi-family offering in the heart of Little Harbor. This magnificent property, being presented to the market for the first time since 1964, embodies charm, versatility & exceptional investment potential. Situated on an impressive .85-acre lot, this 7 unit property is comprised of a turn-of-the-century main home with an attached carriage house, a detached single-family residence & a 4-car garage/outbuilding. Totaling 5,194 sq ft of finished living space, the main building has three 2-bedroom, 1-bath units & three 1-bedroom, 1-bath units. The detached home is a 2-bedroom, 1-bath residence, perfect for additional rental income or private use. The owners have chosen to keep tenants in place with rents below market rates to foster long-term tenant relationships, resulting in low turnover. Currently, with several units vacant due to the property coming to market, there is a prime opportunity for new ownership to enhance units & potentially raise rents to market rates. Beyond its current use as a multi-unit rental property, the expansive lot size invites consideration for alternative development possibilities. Located just moments from Downtown Portsmouth, this property offers unparalleled convenience to the citys vibrant shops, restaurants & cultural amenities. This is a rare opportunity to acquire a 7-unit property of this caliber with substantial lot size & proximity to downtowna true gem in Portsmouths real estate market.